Baldwin Settles Oxy-Dry Purchase Price Dispute; Reschedules Q3 Earnings Release and Conference Call
May 12 2009 - 3:30PM
Business Wire
Baldwin Technology Company, Inc. (NYSE Amex:BLD), a global
leader in process automation technology for the printing industry,
today announced that it has resolved its purchase price dispute
related to working capital with the selling shareholders from whom
Baldwin acquired the Oxy-Dry group of companies in November 2006,
with a $517,121 refund of the purchase price to Baldwin. The
payment, net of the arbitration costs, will be recorded as an
adjustment of goodwill related to the acquisition.
Baldwin FY �09 Q3 Earnings Release Rescheduled for Friday,
May 15, 2009, After Market Close. Conference Call Time Changed to
11:00 AM Eastern Time on Monday, May 18.
Baldwin will distribute its earnings release Friday, May 15,
2009, after the markets close, when it files its Form 10-Q for the
fiscal 2009 third quarter. The company will host its conference
call Monday, May 18 at 11:00 a.m. ET to review the
financial results.
To participate, call (800) 935-5014 any time after 10:55
AM Eastern Time. The number for local and international calls is
(212) 231-2902. The passcode is �Baldwin Q3 earnings
release.� Interested parties may also listen to a webcast of the
call on the company�s website, http://www.baldwintech.com. A replay
will be available from one hour after the call through May 25 at
6:30 PM Eastern Time by calling (800) 633-8625 or toll (402)
977-9141 and entering reservation #21422237. A webcast will also be
available on the company�s website for 90 days after the call.
About Baldwin
Baldwin Technology Company, Inc. is a leading international
supplier of process automation equipment for the printing and
publishing industries. Baldwin offers its customers a broad range
of market-leading technologies, products and systems that enhance
the quality of printed products and improve the economic and
environmental efficiency of printing presses. Headquartered in
Shelton, Connecticut, the company has operations strategically
located in the major print markets and distributes its products via
a global sales and service infrastructure. Baldwin�s technology and
products include cleaning systems, fluid management and ink control
systems, web press protection systems and drying systems and the
related consumables. For more information, visit
http://www.baldwintech.com.
Information for investors, including an investment profile about
Baldwin is available at
http://www.hawkassociates.com/profile/bld.cfm. Investors may
contact Julie Marshall or Frank Hawkins, Hawk Associates, at
305-451-1888, e-mail: baldwin@hawkassociates.com. An online
investor kit including press releases, current price quotes, stock
charts and other valuable information for investors is available at
http://www.hawkassociates.com.
This release contains certain forward-looking statements that
involve known and unknown risks, uncertainties or other factors not
under the company�s control, which may cause actual results,
performance or achievements of the company to be materially
different from the results, performance, or other expectations
implied by these forward-looking statements. These factors include,
but are not limited to, those detailed in the company�s periodic
filings with the Securities and Exchange Commission.
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